XRPUSD Medium-term Trend: Ranging
Supply Levels: $0.76, $0.75, $ 0.74
Demand levels: $0.70, $0.71, $0.72
Yesterday, the XRPUSD pair was in a downtrend but the price found the previous low of $0.65. At the price of $0.65, the asset went into a period of consolidation which resulted in a bullish movement that broke the resistance level at $0.70. The price of the asset is now trading above it. However, the asset is currently trading at $0.73 as at the time of writing and is above the support level of $0.70.
The asset is ranging from the support level at $0.70 to the resistance level at $0.75. Price is likely to break any of these levels as the market ranges. Meanwhile, the relative strength index period 14 is level 50 indicates that price of the asset is in the range bound zone.
XRPUSD Short-term Trend: Ranging
On the daily chart, the price of Ripple is in a ranging market. At the prices of $0.69, $0.70 and $0.71, the asset was ranging at those levels and later fell to the low of $0.69. The price of the asset had bullish movement and rose to the high of $0.74. It was at the high of $0.74, that the price of Ripple resumed its range bound movement
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